Map Protocol

LK Venture announces strategic investment in Bitcoin L2 infrastructure MAP Protocol

ChainCatcher news, recently, Hong Kong listed company LanGao Interactive (08267.HK) affiliated crypto investment and research institution LK Venture announced that it has made a strategic investment in the Bitcoin L2 infrastructure MAP Protocol through the Bitcoin network ecological investment management fund BTC NEXT.The MAP Protocol was established in 2019 and completed after 5 years of development. It is a Bitcoin L2 infrastructure focused on peer-to-peer cross-chain interoperability. By leveraging the security mechanisms of the Bitcoin network and the ZK-based Bitcoin light clients technology, the MAP Protocol Bitcoin L2 infrastructure not only ensures security guaranteed by the Bitcoin network but also allows assets and users from other public chains to interact seamlessly with the Bitcoin network. Currently, MAP Protocol has over 620,000 on-chain users, and its second-layer ecological applications are comprehensive, covering a complete range of Bitcoin L2 applications including project launches, asset trading, lending, cross-chain asset transfers, on-chain gaming, and NFTs.LK Venture partner Deng Peng stated: "With the approval of the Bitcoin spot ETF, we expect a significant increase in demand around the Bitcoin ecosystem. We are optimistic about MAP Protocol's leading technological foundation and its ability to build the Bitcoin L2 ecosystem, and we look forward to promoting more innovations in the Bitcoin ecosystem and DeFi applications through this collaboration."
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